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I've thought for a while that the likelihood of this happening would increase tenfold were Sega to be bought out by one of the big-hitters.  There were rumours of a Microsoft take-over not so long ago, which just screamed "Shenmue!" to me.  Sega's back catalogue would be worth millions in remakes, so I still don't see such a move as an impossibility.  Sure, it would cost a pretty penny and some ugly dollars, but I think it would be quite a coup, especially as Sega themselves have let quality control slip immeasurably since the DC days.  Exclusive downloadable classics.  Carte blanche to resurrect what they want, when they want, be it in-house at Sega or farmed out to a first party developer, and crucially, deep enough pockets to fund a quality sequel to Shenmue should they so wish.   

The last thing I want to see is a ropey Shenmue III, so if it's not done properly, I don't even want to entertain the thought.   All signs point to Bayonetta being superb, but excluding this one amazing game, Sega's titles haven't exactly set the world alight of late.